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Citi top currency trader - survey

Citi Building Sign

Citigroup is the world’s largest currency trader by market share, according to a Euromoney Institutional Investor survey, the third straight year the bank has led the rankings.

Two top Merrill Lynch executives to leave firm

way out

Sam Chapin and Dan Cummings, senior Merrill Lynch executives who helped meld the firm to Bank of America after the financial crisis, plan to step down as vice chairmen, ending more than 50 years of combined work at the company.

C Suisse downgraded

Tidjane Thiam

Fitch Ratings downgraded Credit Suisse's long-term default rating by a notch to A-minus and its viability rating to a-minus from a, citing the bank's reliance on difficult capital markets.